MONTREAL, Dec. 5, 2005 (PRIMEZONE) -- East Delta Resources Corp. (OTCBB:EDLT) (Frankfurt:EJK) today released certified assay results from samples taken at the newest of their several gold projects underway in China. The assays from the Huaqiao mine, located in Guizhou province in southwest China, show remarkably high gold content. While not presumed to be characteristic of the ore zone on average, the sample results confirm the repeated presence of localized very-high-grade veins grading in excess of 10 ounces per tonne.
These assays are preliminary to East Delta's resource-determination now underway at Huaqiao. Underground geologic mapping and systematic sampling, followed by confirmation drilling, is planned to determine the extent and persistence of the mineralization.
Victor Sun, President of East Delta, remarked, "This mine is representative of the kind of project that we look for, and will definitely seek to replicate. Visible gold can readily be seen in the veins underground and exploration potential is deemed excellent. Production costs are known to be relatively low, ranging from $175 to $225 per ounce on gold mined at Huaqiao to date."
In this initial sampling program, three samples were collected from the walls of underground workings at Huaqiao and assayed at the Key Laboratory of Ore Deposit Geochemistry, Chinese Academy of Sciences, on October 20, 2005.
Three samples were taken from three separate portions of a high-grade vein, designated as M6, and assayed. Assay results are listed in the table below. Due to the high assay results, two of the samples were submitted for duplicate assay, and one sample for triplicate. Assay reproducibility was very good.
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Sample Location Original Assay Duplicate Triplicate
g/T g/T g/T
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HQ-1 M-6 368 335 --
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HQ-2 M-6 1120
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HQ-3 M-6 589 560 263
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These high-grade values average 11.3 ounces per tonne of ore for sample HQ-1, 36 ounces per tonne for HQ-2, and 15.1 ounces per tonne of ore for HQ-3.
The agreement to acquire Huaqiao, between East Delta's wholly owned Chinese subsidiary Guiyang High Tech Meiya Investment, Ltd and Huaqiao Gold Mines gives EDLT 77.5% ownership of this mine and while the closing of the acquisition only awaits receipt of SEC-qualified audits and financial statements, East Delta is proceeding with a work plan to complete underground geologic mapping and establish a systematic sampling regime. The mine has produced over 100,000 ounces over the past ten years of operation.
While the Company is working on an assessment of the resource and reserve base, it plans to continue mining operations on a small scale. A 100+ tonne/day mill is on site, with both gravity separation shaker-tables and flotation cells installed.
The Company
East Delta Resources Corp. is a publicly traded Delaware corporation, headquartered in Montreal, Quebec whose business objective is to profit from the recent strong worldwide revival of interest in precious metals. EDLT's primary activity is in mine development and production of gold. EDLT also participates in other mineral exploration and mining, specifically, silver, nickel, zinc and lead. The geographic focus of the Company currently is mostly China.
With over (USD) $1.5 million in the bank, majority interest in several highly-prospective properties, experienced personnel, and an extensive network of contacts in China, the Company believes it has made a solid start on implementing its business plans and objectives.
Safe Harbor
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.